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ladessa [460]
3 years ago
6

The ability for a manager to think in abstract terms while envisioning the "big picture" falls into the category of _____, deeme

d an important management trait.
Business
1 answer:
Juli2301 [7.4K]3 years ago
7 0

Answer:

Conceptual skills

Explanation:

Conceptual skills are the types of skill that an individual posses, allowing the individual to understand complex situation and finally develop a suitable solution for the problem.  

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The FTC regulates businesses to prevent price-fixing and similar monopolistic practices. What is the main reason the FTC discour
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The answer is B, Monopolies limit competition, which unbalance forces that rregulate the market system
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3 years ago
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If the price charged for a candy bar is p cents, then x thousand candy bars will be sold in a certain city, where p = 8 - . how
coldgirl [10]

992 candy bars must be sold to maximize revenue.

<h3>What is revenue?</h3>
  • The total amount of income generated by the sale of goods and services related to the primary operations of the business is referred to as revenue in accounting.
  • Commercial revenue is also known as sales or turnover.
  • Some businesses make money by charging interest, royalties, or other fees.

To find how many candy bars must be sold to maximize revenue:

The price of a candy bar is determined by the quantity sold:

  • p(x) = 124 - (x/16) where x is in 1000s.

If the candy bar's price is p(x), the revenue function is:

  • R(x) = p(x) · x = 124 · x - x²/16

Find the solution of R'(x) = 0 to maximize R(x):

  • R'(x) = 124 - x/8
  • 124 -  x/8 = 0
  • x = 992

Therefore, 992 candy bars must be sold to maximize revenue.

Know more about revenue here:

brainly.com/question/25623677

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The correct question is given below:
If the price of a candy bar is p(x) cents then x thousand candy bars are sold. The price p(x) = 124-(x/16). How many candy bars must be sold to maximize revenue?

6 0
1 year ago
"Mrs. Smith operates a business in a competitive market. The current market price is $8.10. At her profit-maximizing level of pr
STALIN [3.7K]

Answer:

Mrs.Smith should continue to operate the business in the short run but shut down in the long run.

Explanation:

According to the shut down rule, at the profit-maximizing positive level of output, a business in a competitive market should continue to operate in the short-term if the price equals to or is greater than the average variable cost, but should shut down in the long term if the price is less than or equal to total cost. Here,

price = $8.10

avg variable cost = $8.00

avg total cost = $8.25

Mrs.Smith should continue to operate the business in the short run but shut down in the long run.

8 0
3 years ago
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Lorraine works for a company that does not pay very well. She relies heavily on extra paychecks that her company gives out a cou
Nataliya [291]

Answer: Bonus pay plan of individual-level performance-based pay

Explanation:

In this scenario, an extrinsic reward used here is the bonus pay plan. An extrinsic reward simply means a reward that is being given to the employee of a particular company after a particular thing has been achieved.

Here, a bonus pay plan of individual-level performance-based pay is being used. A bonus is given to the employee for meeting a particular requirements. Bonus are calculated base on either the percentage of ones wages or salaries or by using a flat rate.

3 0
3 years ago
Controlling the money supply to achieve desired macroeconomic goals is called
Sergio [31]

Answer:

The answer is monetary policy

Explanation:

Monetary policy is an economic policy that manages the size and growth rate of the money supply in an economy. It is a powerful tool to regulate macroeconomic variables such as inflation, consumption, growth and liquidity.

3 0
3 years ago
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